23
Sat, Nov
57 New Articles

Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive

Karanovic & Partners Advises on Embracer Group Sale of Saber Interactive to Beacon Interactive

Serbia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Karanovic & Partners has advised both parties on Embracer Group's sale of Saber Interactive to Beacon Interactive in a deal worth USD 247 million. Baker McKenzie reportedly advised the Embracer Group.

The Embracer Group is a global group of creative and entrepreneurial businesses in PC/console, mobile, and board games and other related media.

According to Karanovic & Partners, "the former CEO of Saber Interactive and part-time chief operating officer of the Embracer Group, Matthew Karch, established a company called Beacon Interactive earlier this year, which acquired Saber Interactive from its parent company, the Embracer Group. The Serbian studio, Mad Head Games, with its operations in Serbia and Bosnia and Herzegovina, will be among those parting ways with Embracer."

The Embracer Group had purchased Mad Head Games, a game development studio from Novi Sad, back in 2020 (as reported by CEE Legal Matters on November 20, 2020).

The Karanovic & Partners team included Senior Partner Milos Jakovljevic, Partner Ivan Nonkovic, Associate Jasmin Omerdic, and Junior Associates Teodora Vasin and Pavle Vucetic.

Baker McKenzie at a Glance

Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

Firm's website.